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Forex: all news & analysis

Explore our comprehensive Forex Archive, an essential resource that provides expert insights on price movements, trends, and the currency market. By analysing past price actions and key events, you can uncover vital market dynamics and elevate your understanding of effective trading strategies. Whether you're focusing on major currency pairs or emerging markets, our archive is packed with information to help you sharpen your trading decisions.

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Japanese yen improves to six-week high
Japanese yen posts sharp gains on Monday The Japanese yen is up for a third straight day on Monday and has climbed 2% against the US dollar in the current rally. In the European session, USD/JPY is trading at 148.40, down 0.84%. Yen rebounds as US/Japan rate differential narrows After falling to a one-year low last week, the yen has rebounded and is trading at a six-week high.
20-11-2023 04:39 GMT by Kenneth Fisher
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USD/JPY: A potential medium-term bearish reversal in progress
Heightened dovish expectations on US monetary policy have led to US Treasuries-JGBs yield premium shrinkage. Bearish momentum factor has taken a foothold as well with USD/JPY’s price action below its 20 and 50-day moving averages. Watch the 150.30/70 key medium-term resistance zone. The relentless medium-term impulsive upside movements of the USD/JPY in place since the 16 January 2022 low of 127.22 are likely to have succumbed to the “law of gravity” triggered by momentum and fundamental factor
20-11-2023 01:16 GMT by Kelvin Wong
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Australian dollar takes a breather after wild week
Markets see 60% chance of RBA rate hike in H1 of 2024 US Treasury yields fall to 4.35% The Australian dollar has bounced back on Friday after losses a day earlier. In the European session, AUD/USD is trading at 0.6487, up 0.24%. It has been a wild week for the Australian dollar, which soared 2% on Tuesday, courtesy of a softer-than-expected US inflation print.
17-11-2023 05:08 GMT by Kenneth Fisher
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GBP/USD edges lower on soft UK retail sales
UK retail sales decline unexpectedly GBP/USD edges lower The British pound is trading lower on Friday. In the European session, GBP/USD is trading at 1.2381, down 0.27%. The pound has shown sharp swings this week, notably a 1.78% jump on Tuesday after US inflation was weaker than expected, sending the US dollar sharply lower against the majors.
17-11-2023 04:10 GMT by Kenneth Fisher
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Japanese yen rebounds on soft US jobs claims
US unemployment claims rise to three-month high Japanese yen strengthens The Japanese yen is in positive territory on Thursday. In the North American session, USD/JPY is trading at 151.60, down 0.47%. US unemployment claims jump US initial unemployment claims rose to 231,000 on the week ending November 11th, up from 218,000 a week earlier.
16-11-2023 12:32 GMT by Kenneth Fisher
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EUR/GBP - BoE policymaker pushes back against market interest rate expectations
UK inflation falling fast but still high BoE Greene does not agree with market expectations EURGBP stalls again near highs Inflation figures from the US and UK have been very promising, so much so that markets see almost no chance of another rate hike in this cycle from either the Fed or BoE and a high likelihood of a rate cut by the end of the second quarter of next year. That's despite one BoE policymaker, Megan Greene, pushing back against that, although it is worth noting she does sit
16-11-2023 11:53 GMT by Craig Erlam
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GBP/USD edges lower, eyes retail sales
UK retail sales expected to rebound in October US PPI and retail sales decline The British pound has extended its losses on Thursday. In the European session, GBP/USD is trading at 1.2401, down 0.11%. The pound is having a roller-coaster week.
16-11-2023 08:36 GMT by Kenneth Fisher
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Australian dollar yawns after strong employment gains
Australia's employment jumps The Australian dollar is lower on Thursday. In the European session, AUD/USD is trading at 0.6492, down 0.27%. Australian employment jumps Australian employment was hotter than expected in October, as the economy created 55,000 jobs.
16-11-2023 06:16 GMT by Kenneth Fisher
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EUR/GBP - No more rate hikes likely from the BoE as inflation hits two-year low
UK inflation fell to 4.6% in October (6.7% in September) Markets expect the next move to be a rate cut next summer EURGBP struggling to break technical resistance, despite data UK inflation fell sharply in October and faster than the Bank of England anticipated, further reducing the prospect of any more rate hikes in this tightening cycle. It was already likely that the BoE was done raising rates but as that was based on the view that inflation would fall to 4.8% last month, that could hav
15-11-2023 11:31 GMT by Craig Erlam
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Japanese yen slips as US retail sales beats expectations
Japanese GDP contracts by 2.1% US retail sales decline by 0.1%  but beats forecast The Japanese yen has lost ground on Wednesday. In the North American session, USD/JPY is trading at 151.09, up 0.48%. In the US, retail sales declined in October but still managed to beat expectations.
15-11-2023 10:38 GMT by Kenneth Fisher
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British pound dips as UK inflation slides
UK inflation falls to 4.6% US inflation eases to 3.2% The British pound is lower on Wednesday. In the European session, GBP/USD is trading at 1.2459, down 0.31%. UK inflation drops more than expected UK inflation was expected to fall sharply in October and inflation duly fell to 4.6% y/y, compared to 6.7% in September and below the market consensus of 4.8%.
15-11-2023 08:01 GMT by Kenneth Fisher
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AUD/USD soars on US inflation, Aussie employment next
Australian wage growth hits record high US inflation slips to 3.2% Australian job growth expected to rise The Australian dollar is unchanged on Wednesday, after massive gains a day earlier. In the European session, AUD/USD is trading at 0.6505. Australian wages soar Australian wage growth climbed 1.3% q/q in the third quarter, matching the consensus estimate and above an upwardly revised 0.9% gain in Q2.
15-11-2023 05:08 GMT by Kenneth Fisher
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USD/JPY slips on soft US inflation
US dollar slips after inflation softer than expected Japanese GDP expected to decline The Japanese yen has rebounded on Tuesday with strong gains. In the North American session, USD/JPY is trading at 150.70, down 0.67%. The yen has snapped a nasty six-day losing streak which saw the currency lose 1.5%.
14-11-2023 12:55 GMT by Kenneth Fisher
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EUR/USD - Rallies after a very encouraging US inflation report
US headline and core CPI miss expectations Market odds of another Fed rate hike fall to near zero EURUSD breaks through channel high after report We've seen quite a response to the US inflation report on Tuesday, with investors clearly buoyed by the miss on both the headline and core numbers. While in both cases we're talking about modest misses, it does feel nonetheless significant. The annual core rate fell to 4% which is still far too high but the monthly reading fell back to 0.2%, preventin
14-11-2023 12:07 GMT by Craig Erlam
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Pound shrugs as wage growth cools, US inflation next
UK wage growth eases US inflation expected to fall to 3.3% The British pound has edged higher on Tuesday. In the European session, GBP/USD is trading at 122.91, up 0.10%. UK job growth improves, wage growth ease The UK labour market remains strong, despite high inflation and elevated interest rates.
14-11-2023 07:46 GMT by Kenneth Fisher
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